Par
Definition
(1) Refers to the standard delivery point(s) and/or quality of a commodity that is deliverable on a futures contract at contract price. Serves as a benchmark upon which to base discounts or premiums for varying quality and delivery locations; (2) in bond markets, an index (usually 100) representing the face value of a bond.
Related Terms Other terms related to 'Par' starting with the letter 'P' Positive Carry, Point Balance, Path Dependent Option, Pegging, Purchase and Sale Statement Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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